This is a big view of VNO monthly, did to show you why I think this stock will be bearing for rest of 2017. Elliot impulse wave (12345) bullish has concluded in February. All gold lines are trend lines. PA is currently about noted Ichimoku indicator, buy I feel that just like beginning of bullish trend up in 2009 PA will drop for rest of this year to at least to (support level) $70.00 or 50% on Fib. Ret level on chart (black arrow). Past earning reports were not learning to positive/negative direction.
Also, note on chart how PRICE ACTION from 2007 to 2017 forms a huge triangle pattern, which is very CLOSE to being broken to the downside. Last two months per chart has been bearish, with a drop of around $14.00. RSI chart on bottom of chart is in a tight consolidation area and now at 48 or bearish too. Will do put option trades for rest of 2017, with call protection options (insurance). Wish everyone best in trading FOREX, binary options, stock or ETF options, trade what you know.
Also, note on chart how PRICE ACTION from 2007 to 2017 forms a huge triangle pattern, which is very CLOSE to being broken to the downside. Last two months per chart has been bearish, with a drop of around $14.00. RSI chart on bottom of chart is in a tight consolidation area and now at 48 or bearish too. Will do put option trades for rest of 2017, with call protection options (insurance). Wish everyone best in trading FOREX, binary options, stock or ETF options, trade what you know.